payments

Oklahoma - HOUSE BILL 2775

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; establishing liability for withholding certain royalty payments; removing annual requirement of compounding certain interest; adding persons who may require holder of certain funds to interplead certain funds into court; removing certain interest sums from being subject to certain court proceedings; instructing operator to deem

Oklahoma - SENATE BILL NO. 1143

An Act relating to oil and gas; amending 52 O.S. 2011, Section 570.10, which relates to payment of proceeds from sale of oil and gas production; prohibiting nonpayment of certain interest on proceeds; modifying the interest rate on certain proceeds; modifying timeline certain proceeds earn interest; authorizing certain persons to initiate legal action in certain circumstances; and providing an effective date. SOURCE: http://webserver1.lsb.state.ok.us/cf_pdf/2017-18%20FLR/SFLR/SB1143%20SFLR.PDF